Pending: Now that the seller and the buyer have agreed to each other’s terms and all contingencies have been met, the home is marked as pending and taken off the market
Units Pending: Number of houses that reached pending status
The inventory number is calculated by simply taking a count of the properties marked as active on the last day of the month
Median DOM: 50% of the houses had active status below this number of days and 50% of the houses had active status above this number of days.
Months of Inventory (MOI) is the relationship of sales pace to the number of properties currently on the market if no additional homes were added to the supply. It is calculated by determining the number of homes sold per month and dividing by the total number of properties for sale on the last day of the month.
Homes first placed on the market during a given period.